Quote:
Originally Posted by Derek123
ok cool. thanks for clarifying
I disagree with almost everything he wrote to you btw. I would venture that virtually everyone who is an expert (n00b/Iowa/etc) would say the same thing. Betting Kelly fractions doesn't magically make you immune to estimation errors, it makes you less sensitive to over betting errors. (Especially >2x Kelly where +EV turns -EG.) Obviously someone who reads ****ing William Poundstone for advice on a mathematical optimization isn't gonna have any concept of what is actually going on, much less be able to articulate the finer points in any competent fashion.
I generally disagree with literally everything he writes on Kelly since he barely understands the topic tbf.
Quote:
Originally Posted by Fubster
Sit down with your spouse or significant other and make a household budget
Do you think he just came to 30k via the same way most people ITT came to a bet size on Mayweather?